The American People Need To Know There's A Way Out

Abby McCloskey, Dallas Morning News, March 29, 2020

“How we get out of this, no one seems to know. Guidance and projections keep changing. The flu is worse. It’s wartime. It will be done by Easter!

It’s hard to know what to believe, but some things are increasingly clear. One, our current direction is unsustainable. A recession is marked by two quarters of GDP contraction. The pressing question is not whether we are going into one, but whether it will be the deepest in a century.

Goldman Sachs predicts a 24% economic contraction in the second quarter of this year. Unemployment estimates range from 10% to upwards of 20%, which presents not only an economic crisis, but a crisis of societal stability as desperation sets in. The enormous stimulus package will help the bleeding. But we can’t stay at a standstill for long and expect to have an economy when it’s over.”